Debt Purchases Within ECB's Mandate, Draghi Says

Purchases Aid Pursuit of Low, Stable Inflation ECB President Says

By

Brian Blackstone And

Todd Buell

July 14, 2014 4:27 p.m. ET

STRASBOURG, France—European Central Bank President Mario Draghi said Monday that large-scale purchases of public and private debt fall "squarely" within the ECB's mandate to keep inflation low and stable.

Mr. Draghi's remarks, at a hearing at a newly formed European parliament that met in Strasbourg, France, are the latest indication that the ECB is open to additional aggressive stimulus measure if they are needed to keep...